State Bank of India
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April 11, 2024
United States, Indiana, Angola
11
Description
State Bank of India (SBI) is one of the biggest state-owned financial institutions in India. Headquartered in Mumbai, the bank provides a wide range of products and services to its customers, which includes commercial enterprises, large corporate, public bodies and institutional customers. SBI is also one of the largest banks in India in terms of market capitalisation.
The bank descends from the Imperial Bank of India, which was formed by merging Bank of Calcutta, Bank of Madras and the Bank of Bombay in 1806. The Imperial Bank of India became the State Bank of India in 1955 after Government of India took control of it with Reserve Bank of India (RBI) taking a 60 per cent stake in it. In 2008, the government took over the stake held by the RBI. Representing the legacy of over 200 years, SBI has shown consistent growth compared to other public sector lenders in India.
Some of the services offered by the bank to its customers include domestic treasury, brokering services, revised service charges, ATM services, internet banking, E-pay, E-rail, safe deposit locker, MICR codes, foreign inward remittances, doorstep banking services, among others. A Fortune 500 company, SBI is also among the top league of 50 global banks with a balance sheet size of over Rs 30 lakh crore. The bank comprises 24,000 plus branches along with 59,000 plus ATMs serving 42 crore plus customers. SBI has an overseas presence through over 195 foreign offices spread across 36 plus countries.
In April 2017, associates banks of SBI, including State Bank of Bikaner and Jaipur (SBBJ), State Bank of Mysore (SBM), State Bank of Travancore (SBT), State Bank of Patiala (SBP), State Bank of Hyderabad (SBH) and Bharatiya Mahila Bank, merged with State Bank of India, making it the largest consolidation exercise in the banking history of India.
1000.00 Dollar US$
April 30, 2024
https://pgccouncilcsp.powerappsportals.us/forums/general-discussion/f3b5d8ce-1a07-ef11-a73c-001dd80a
678.00 Dollar US$
April 30, 2024
https://pgccouncilcsp.powerappsportals.us/forums/general-discussion/c28aee7f-1a07-ef11-a73c-001dd80a
100.00 Dollar US$
April 30, 2024
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